It’s important now more than ever to receive high level professional service and advice. The Niagara Real Estate Board has not put out monthly statistics since November 2024 due to a system change, which means we are missing important information. So how do you really know what is happening in today’s market? The only way to understand what is truly going on locally within Niagara is to work with an agent who is working day in and day out in this market - monitoring, tracking listings and showing properties throughout Niagara.
The region has experienced an overall lack of new construction activity, due to the high costs of building.
Buyer confidence is expected to be high in Niagara in 2025 compared to 2024, with continued interest rate decreases and amortization structures making it easier for first-time homebuyers to enter the market.
According to CREA, Ontario’s sales activity is projected to rise 9.9%, but average prices will only see a modest 2.4% increase. This means there is likely to be enough new listings in Q1 to meet growing demand. overconfidence could not work in your favour.
The scheduled dates for the interest rate announcements for 2025 are as follows:
Wednesday, January 29
Wednesday, March 12
Wednesday, April 16
Wednesday, June 4
Wednesday, July 30
Wednesday, September 17
Wednesday, October 29
Wednesday, December 10
Here is a write up on the 2025 Housing Market Outlook from CMCH: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook
If you’re ready to list in 2025 or looking to purchase or have general questions, let’s get the conversation started!
